Oando Bows To Dangote Refinery, Suspends Fuel Imports - Politics (2)

Oando Bows To Dangote Refinery, Suspends Fuel Imports - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › Oando Bows To Dangote Refinery, Suspends Fuel Imports (14803 Views)

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by harlee(m): 7:46am On Nov 06, 2025

VillagePipu:
See wetin person carry for 9 months.

Maybe you don't understand the language he typed.

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by blacksam01: 8:06am On Nov 06, 2025

Next u will hear is Oando buyz... port Harcourt or kaduna refinery

Tinubu's firm cannot lose out in this opportunity of national asset sale...

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by ppogba: 8:07am On Nov 06, 2025

AfahaAbia:
No wonder their stocks fell so much. I bought 3m worth of their shares in January today what I'm seeing is 1.6m in my stock trading account. I'm so disappointed.

According to what you copied from Facebook.

What quantity did you buy?
At what price did you buy?

Uncle notice me.
Uncle feel among

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by Basicend: 8:21am On Nov 06, 2025

blacksam01:
Next u will hear is Oando buyz... port Harcourt or kaduna refinery

Tinubu's firm cannot lose out in this opportunity of national asset sale...

It is better and cheaper to build a brand new refinery than to buy a dilapitated and massively outdated NNPC refinery.

Those equipments are very rusty and many will never function maximally again due to their age and wear factor.

Those refineries are in scrap status now.

Secondly, I think President Tinubu bowed to pressures from many people to support the Dangote refinery at all cost. Since it's all that Nigeria have currently. It must not be allowed to fail. Above his family values.

Oando will rise. As long as Tinubu is in charge. They may spring up their own refinery soon. Perhaps tru acquisition (as u said) or as a new project.

1 Like

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by tamdun: 8:24am On Nov 06, 2025

AfahaAbia:
No wonder their stocks fell so much. I bought 3m worth of their shares in January today what I'm seeing is 1.6m in my stock trading account. I'm so disappointed.

I'd rather invest in real estate

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by twosquare(m): 8:34am On Nov 06, 2025

AfahaAbia:
No wonder their stocks fell so much. I bought 3m worth of their shares in January today what I'm seeing is 1.6m in my stock trading account. I'm so disappointed.

Sorry you bought the top...exit liquidity. Best time to buy was during the early days of Buhari. Oil stocks/companies may not perform well anytime soon, except there is a global war or so.

2 Likes

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by FutureFocus: 8:40am On Nov 06, 2025

Dangote is our hero in the petroleum sector, others , BUA should complete his refinery fast to compete with him

1 Like

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by SarkinYarki: 8:43am On Nov 06, 2025

WhatIf:
That is one of the many reasons the Western Force are planing to destroy Nigeria and Nigerians!

The same Oando mafia is the one that has been fighting Dangote , if not for US govt supplying steady crude to Dangote ,Oando would have since shut down that refinery

1 Like

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by hush15: 8:43am On Nov 06, 2025

datola:
Dangote Refenery causing serious industry disruption and OANDO plc adjusting its operation as a wise investor while other fuel impoters are crying foul over Dangote's initiative to make Nigeria fuel reliant

Nigerians and their shallow mentality...

Dangote, the new bride....

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by SarkinYarki: 8:44am On Nov 06, 2025

blacksam01:
Next u will hear is Oando buyz... port Harcourt or kaduna refinery

Tinubu's firm cannot lose out in this opportunity of national asset sale...

The govt already announced yesterday they want to sell the refineries

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by AfahaAbia(m): 8:45am On Nov 06, 2025

SmartPolician:
Stop buying Nigerian stocks. That's waste of money. Buy S&P 500.

I sware it's doesn't make any sense at all

1 Like

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by Farmsolution: 8:48am On Nov 06, 2025

FarahAideed:
https://punchng.com/oando-suspends-petrol-imports-as-dangote-raises-output/

Ooolule

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by mikeapollo: 8:56am On Nov 06, 2025

AfahaAbia:
No wonder their stocks fell so much. I bought 3m worth of their shares in January today what I'm seeing is 1.6m in my stock trading account. I'm so disappointed.

If you really bought Oando shares and also follow or monitor news about the company, AGM, and read their financial reports then this should not be news to you. All these have been mentioned or highlighted by Oando several months ago before now.

3 Likes

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by mikeapollo: 8:56am On Nov 06, 2025

AfahaAbia:
No wonder their stocks fell so much. I bought 3m worth of their shares in January today what I'm seeing is 1.6m in my stock trading account. I'm so disappointed.

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by SarkinYarki: 8:56am On Nov 06, 2025

AfahaAbia:
No wonder their stocks fell so much. I bought 3m worth of their shares in January today what I'm seeing is 1.6m in my stock trading account. I'm so disappointed.

The people that bought Oando shares 15 years ago have not recovered but yiu want to?

Buying Oando any time is bad news

1 Like

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by gracejohnnnie: 9:01am On Nov 06, 2025

This is actually a good move by Oando. The company is smartly adapting to Nigeria’s new reality instead of fighting it. Dangote refinery taking over PMS supply was inevitable, and Oando is now pivoting to higher-margin areas like crude, gas, and metals trading, which is where the future value lies. Short-term revenue dips are normal during transitions, but long-term, this positions them for stronger, more sustainable growth.

2 Likes

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by gracejohnnnie: 9:14am On Nov 06, 2025

I totally get the frustration, but remember this dip reflects a short-term market reaction. The fundamentals still look strong, profit actually rose 164% year-on-year despite the shift in trading mix. Oando is repositioning for long-term growth in crude, gas, and metals.

Redoil:
do they have choice?
“Revenue declined by 20 per cent year-on-year to N2.5tn (9M 2024: N3.2tn), primarily due to a reduction in gasoline imports following the ramp-up of the Dangote refinery, which has positively transformed Nigeria’s refined-product supply landscape, partly offset by stronger upstream contributions,” the firm noted.

1 Like

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by gracejohnnnie: 9:21am On Nov 06, 2025

It’s understandable to feel that way, I bought millions of shares too, but sometimes these transitions take a few quarters to show real value. Oando is adapting to a new energy landscape, moving from low-margin petrol imports to higher-margin upstream and gas trading. That’s where the real growth will come from.Be patient and play te long game,we will see rewads.

AfahaAbia:
No wonder their stocks fell so much. I bought 3m worth of their shares in January today what I'm seeing is 1.6m in my stock trading account. I'm so disappointed.

1 Like

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by blacksam01: 9:37am On Nov 06, 2025

Basicend:
It is better and cheaper to build a brand new refinery than to buy a dilapitated and massively outdated NNPC refinery.

Those equipments are very rusty and many will never function maximally again due to their age and wear factor.

Those refineries are in scrap status now.

Secondly, I think President Tinubu bowed to pressures from many people to support the Dangote refinery at all cost. Since it's all that Nigeria have currently. It must not be allowed to fail. Above his family values.

Oando will rise. As long as Tinubu is in charge. They may spring up their own refinery soon. Perhaps tru acquisition (as u said) or as a new project.

U dnt understand the game... It will b sold for 100m dollars...

So cheap it will b translated to give away, just because their firm want to buy it

1 Like

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by showlove911(m): 9:40am On Nov 06, 2025

EponObi:
The children of perdition deserted this thread. Lmaooooo.

If na Trump propaganda against Nigeria, they would have dragged this thread to page 10 already. The nation will prevail at last. Children of I pob can't and won't destroy this country; they've got nothing but loud mouth. Nigeria will march forward.

This is a bullish news for the naira. We need another refinery in this country. If fuel marketers had foresight, they would have frontran Dangote by establishing their own refinery before he did.

Oga rest

You re too old for this juvenile urge u re displaying on social media.
Stop embarrassing yourself.
You no b small Pekin.

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by AngelicBeing: 10:02am On Nov 06, 2025

VillagePipu:
See wetin person carry for 9 months.

HAHAHA 😂

1 Like

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by Femidfo: 10:02am On Nov 06, 2025

Oga,not true,check your leaders well, except you are part of their 'slaves'!

WhatIf:
That is one of the many reasons the Western Force are planing to destroy Nigeria and Nigerians!

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by richeeyo(m): 10:10am On Nov 06, 2025

tnerro1:
You are producing locally and you are still importing, no be juju be that, the balance sheet don they advise them small small

No matter the education you have, you can't understand Nigeria

1 Like

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by Samuelsamuel: 10:11am On Nov 06, 2025

Lol I understand the panic but checkOando's report profit up 164%! The revenue drop was expected because Dangote refinery now covers most local petrol needs. Oando just shifted focus to crude and gas, which is smarter long-term.

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by Samuelsamuel: 10:36am On Nov 06, 2025

It’s a temporary adjustment. The market’s still digesting the impact of Dangote refinery on imports, but Oando’s already pivoting and posting stronger profits. I think patience will pay off here.

Redoil:
do they have choice?
“Revenue declined by 20 per cent year-on-year to N2.5tn (9M 2024: N3.2tn), primarily due to a reduction in gasoline imports following the ramp-up of the Dangote refinery, which has positively transformed Nigeria’s refined-product supply landscape, partly offset by stronger upstream contributions,” the firm noted.

1 Like

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by Samuelsamuel: 10:38am On Nov 06, 2025

Selling during a transformation phase might mean missing out on the rebound. The company’s profit more than doubled this year, and once the new strategy around crude and gas stabilises, the stock should start reflecting that strength.

AfahaAbia:
No wonder their stocks fell so much. I bought 3m worth of their shares in January today what I'm seeing is 1.6m in my stock trading account. I'm so disappointed.

1 Like

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by BreakingNews21: 11:23am On Nov 06, 2025

Looks like a good time for Oando to switch from importing to mining if they have the investment capital to do a feasibility study and then commence domestic operations.

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by kokoA(m): 11:28am On Nov 06, 2025

NUPENG and PENGASSAN should do something.. grin

1 Like

Re: Oando Bows To Dangote Refinery, Suspends Fuel Imports by Olatara(f): 12:06pm On Nov 06, 2025

tamdun:
I'd rather invest in real estate

At some point real estate will crash.

1 Like

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